That's Rather Spendy: $45 Million in Bel Air

A Bel Air property just hit the market for $45 million. Not the most expensive in the neighborhood by any means, but yes, substantial. New construction, it was just completed and is described as an "Italian Villa." Hmmm. It's eight bedrooms, 25,000 square feet. Address: 969 Bel Air Road. And the listing agent: Superstar Kurt Rappaport, of course. [Redfin]